---
schema_version: "secwatch.filing_event.v1"
accession: "0000088205-23-000012"
form_type: "8-K"
ticker: "SPXC"
cik: "0000088205"
company_name: "SPX Technologies, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:38:17.770271+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SPX Technologies adds $300M incremental term loans via credit amendment

## Summary
- Incremental Term Loans of $300M available in up to three drawings through Oct 18, 2023.
- Proceeds to finance permitted acquisitions, fees, and other corporate purposes.
- Loans mature August 12, 2027; interest rate is SOFR or base rate plus margin based on leverage.
- Commitment fee on unused portion ranges from 0.225% to 0.275% p.a. based on leverage ratio.
- Loans are guaranteed by domestic subsidiaries and secured by stock pledges of subsidiaries.

## SEC filing metadata
- accession: 0000088205-23-000012
- form_type: 8-K
- ticker: SPXC
- cik: 0000088205
- company_name: SPX Technologies, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/spxc-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088205-23-000012
- JSON: https://secwatch.observer/filing/0000088205-23-000012.json
- Plain text: https://secwatch.observer/filing/0000088205-23-000012.txt

## Key facts
- Debt Financings
  SPX Technologies, Inc. incurred term loan of $300.0 million with Bank of America, N.A., as administrative agent, and the lenders party thereto at Term SOFR rate plus 0.10%, plus an applicable margin percentage maturing August 12, 2027.
  - Instrument: term loan
  - Principal: $300.0 million
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
  - Rate: Term SOFR rate plus 0.10%, plus an applicable margin percentage
  - Maturity: August 12, 2027
  - Event: incurrence
  source text: The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million (the “Incremental Term Loans”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm
- Material Agreements
  SPX Technologies, Inc. amended Incremental Amendment with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $300.0 million (effective 2023-04-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
  - Value: $300.0 million
  - Effective: 2023-04-21
  source text: On April 21, 2023 (the “Incremental Amendment Effective Date”), SPX Enterprises, LLC (“SPXE”), a wholly owned subsidiary of SPX Technologies, Inc. (the “Company”), as the U.S. borrower, entered into an Incremental Facility Activation Notice (the “Incremental Amendment”) with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto, which amends the Amended and Restated Credit Agreement, dated as of August 12, 2022 (as amended, the “Credit Agreement”), among the Company, as parent, SPXE, as the U.S. borrower, the foreign subsidiary borrowers party thereto, the lenders party thereto, Deutsche Bank AG, as foreign trade facility agent, and the Administrative Agent. The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.